Tradeweb Markets (TW) Intangibles (2018 - 2026)
Tradeweb Markets (TW) posted quarterly Intangibles of $1.1 billion for Q2 2026, down 10.06% year-over-year from $1.2 billion in Q2 2025, and down 2.6% quarter-over-quarter from $1.1 billion in Q1 2026.
Tradeweb Markets (TW) Intangibles (2018 - 2026) Analysis & Trends
Tradeweb Markets' Intangibles history runs 9 years deep, the most recent figure standing at $1.1 billion for Q2 2026.
- In Q2 2026, Intangibles fell 10.06% year-over-year to $1.1 billion; the TTM figure through Jun 2026 stood at $1.1 billion (down 10.06% YoY), while the FY2025 annual figure was $1.1 billion, down 10.37% from the prior year.
- Intangibles for Q2 2026 stood at $1.1 billion, down from $1.1 billion in the prior quarter.
- The five-year high for Intangibles was $1.3 billion in Q3 2024, with the low at $1.0 billion in Q2 2024.
- The 5-year median for Intangibles is $1.1 billion (2022), against an average of $1.1 billion.
- The sharpest annual moves came in 2024 and 2025: Intangibles grew 27.48% in 2024, then fell 10.52% in 2025.
- Tradeweb Markets' Intangibles stood at $1.1 billion in 2022, then declined by 6.34% to $1.0 billion in 2023, then climbed by 27.48% to $1.3 billion in 2024, then declined by 10.37% to $1.1 billion in 2025, then fell by 5.07% to $1.1 billion in 2026.
- Business Quant data shows TW's Intangibles at $1.1 billion in Q2 2026, $1.1 billion in Q1 2026, and $1.1 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 5.87 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 7.28 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 246.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 3.43 Bn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 1.09 Bn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 446.58 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 14.12 Mn |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - | 3.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.09 Bn |
| Mar 31, 2026 | 264.11 Mn |
| Dec 31, 2025 | 1.15 Bn |
| Sep 30, 2025 | 1.18 Bn |
| Jun 30, 2025 | 1.21 Bn |
| Mar 31, 2025 | 288.37 Mn |
| Dec 31, 2024 | 296.72 Mn |
| Sep 30, 2024 | 305.09 Mn |
| Jun 30, 2024 | 1.00 Bn |
| Mar 31, 2024 | 1.03 Bn |
| Dec 31, 2023 | 131.33 Mn |
| Sep 30, 2023 | 1.03 Bn |
| Jun 30, 2023 | 135.77 Mn |
| Mar 31, 2023 | 1.05 Bn |
| Dec 31, 2022 | 141.83 Mn |
| Sep 30, 2022 | 1.10 Bn |
| Jun 30, 2022 | 1.13 Bn |
| Mar 31, 2022 | 152.24 Mn |
| Dec 31, 2021 | 156.20 Mn |
| Sep 30, 2021 | 160.25 Mn |